Current EUR and GBP Trading Plans

[FEW]

The EUR/JPY and EUR/USD and in strong downtrends but the smaller time frames are consolidating and choppy, we like the trends but be careful on any heatmap sell signals.

GBP Pairs

GBP/JPY – strong downtrend set sell alarm at 121.20

GBP/USD – intermediate term downtrend set sell alarm at 1.5760, target is as low as 1.5400

The GBP/JPY is basically out of support, other pairs that could drop like the GBP/CAD are nearing pretty heavy support.


When the price alarms hit verify any buys or sell entries with The Forex Heatmap ™ and look for EUR weakness or cross currency strength or both. On the GBP pairs look for GBP weakness or cross currency strength or both.



Good Trading
Mark Mc Donnell
www.forexearlywarning.com
Spot Forex Trading Plans Across 28 Currency Pairs
$19.95 per month